And the craze goes on
A covenant capping leverage at 9.5x EBITDA that is tripped when the borrower’s revolver is funded to a certain point? That actually happened.
5 October 2017•3 mins read
PRIVATE CREDIT
Register to unlock this content
Daily global private credit news and market intelligence
Expertly curated insights that keep you ahead of the market
Faster, data-driven decision making powered by our AI interface, 'Ask PEI'
Access to proprietary research and reports
Selected fund performance and investor activity data